Tuesday, 17 November 2009

My forecast


15:10GMT EURUSD now at 1.4857 or lower is a good BUY - target 1.4920
15:00GMT GBPUSD can test 1.70 as USD data points to double bottom of recession.Weak USD can cause more distress for those holding SHORTs {thought to point-out the risk I'll hold my SHORTs for timebeing as I've earned my pips to keep the -ve open trades for few more weeks.}
12:20GMT EURUSD BUY levels approaching get ready!!!
11:10GMT Once again my BUY/SELL levels are proved reliable by GBPUSD & EURJPY [*****]
10:40GMT Try to close all JPYs & crosses SHORTs in +ve an UPtrend on horizon
10:10GMT Update- not much action now; EJ is try to test BUY levels after some consolidation during data release. No down trend started for GU & GJ yet.
08:40GMT EURUSD target 1.4876-52 by raghee Horner [*****]

08:30GMT Data release ahead!!! Please trade with market trend..till 10:10GMT
07:50GMT EURJPY at 132.90 still good for BUY; now 132.91 [-----](Gone-ve) next BUY level 132.54; I still think BUY on this Pair is good as they are approaching "BUY Levels" [**] BUY reached from 132.64 to 132.90s
06:30GMT GBPUSD going UP now 1.6807 [*****] 30-40 pips easy!!!
05:40GMT EURUSD trading in very narrow range for last 8 hours; a BIG move expected in next 4-8 hours most probably 1.5020 target.
03:40GMT My advise for all EURs short is again to close when +ve pips EU target is 1.5100-200. Any bad USD news can make this BULL furious.
03:40GMT EURJPY is good for BUYs now at 133.04 [***]
02:40GMT EURJPY now 133.23 target 133.55 try LONGs from 132.90s
02:10GMT Most of the FX experts are saying that GBPUSD will break resistence and go UP; my analysis & indicators shows that GU must touch 1.6750-20 region to gain another BULL run; now 1.6815

01:40GMT The BUY/SELL levels are not pivots they are levels generated by a MA algorithm and history tracker. So please avoid using it as Pivots (in Pivots the upper limits are used to BUY and lower limits are used to SELL)
00:00GMT Good Morning Friends, I wrote in Dr.Sivaramans blog about 100-200 Pips drop in EURUSD when it was at 1.4974 and by 19:00 hrs yesterday it dropped to 1.4874. I hope some blog readers nerves are happy today; but I did mention in my blog to close any +ve pips on EURUSD shorts. I hope you can see why i said that as EURUSD cameback to 1.5040 level. Hope my advice worked for you. Yesterday there was another pair I mentioned that was giving mixed signal -GBPUSD. You can see that it never dropped and went UP as a result EURGBP dropped though everybody was looking it at 0.90 level. Last 3 trading days EURGBP did its bearish and I think based on today's GBP data it will start its Bullish run. Price now 0.8900 target 0.9020. SELL GBPUSD even to the last penny. My technical indicators shows that we may never see these levels for sometime. Check my BUY/SELL levels and they are very reliable for trading. If GBPUSD reaches today's 24hrs SELL level you can assume that players has stopped their game and ready to go with traders!!!

8 comments:

  1. Has that changed your mind about GBP?

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  2. No not yet I still think GBPUSD will hit 1.65s v.soon

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  3. Reason - there will some data good for GBPs (shortterm) but overall UK fundamentals are faulty resulting in drop. My assumption is that they will be dented (severe) by next March. Then we have elections coming-up; longterm view on this pair is around 1.58s

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  4. What exactly were you looking at that gave you the 630gmt gbp/usd rise info?

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  5. It was a triangle pattern on 1 hour chart

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  6. Can you post it when/if you have time?

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  7. check the patterns of 15-30mins GBPUSD one in
    http://jeesonsviewoneconomyfinance.blogspot.com/2009/11/15-30mins-pattern-charts_17.html

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  8. I was following the points A & B and when price hit C I checked the C:A=1.27% so generated the Up trend alert

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